What it means to file for extension on your taxes
Many businesses and individuals file for an extension on their taxes. While there are plenty of reasons to need an extension, it does NOT mean you get extra time to pay taxes owed. What does this mean? It means you … Read More
Can I Take the Section 179 Deduction on my RV?
You own an RV and decide to rent it out for some extra cash. How do you deal with taxes? Let’s dive into understanding the section 179 deduction on your RV rental. First, it’s important to separate the different types … Read More
Prepare to File Your Taxes Checklist
Tax season is in full swing and that means it’s more important than ever to gather all your paperwork. To help you get started, here’s a prepare to file your taxes checklist. Prepare to file your taxes Whether you’re planning … Read More
Do I need to file a tax return for my LLC with no activity?
Sometimes a limited liability company or LLC has a year with no business income or activity. Maybe it’s a newly formed LLC, which hasn’t started doing business yet. Is it an older LLC that hasn’t been formally dissolved? Whatever the … Read More
3 Steps to take if you’re missing a W2 and you want to file taxes
The IRS requires employers to mail employee earnings information, commonly known as a W2, by the end of January. However, there can be delays due to mailing, etc., so it’s best to give your employer an extra week or two. … Read More
10 Tips for choosing a tax professional
It’s that time of the year again! Yes. It’s tax time. Looking to hire a tax professional to prepare and file your tax return? Keep in mind taxpayers are always responsible for all the information on their income tax return … Read More
Navigating sales tax as a business owner
With the freedom of being a small business owner comes the responsibility of navigating sales tax. If you’re confused over sales tax, you’re not alone! Collecting and paying sales tax is one of the more complicated aspects of running a … Read More
9 tips to help you avoid mistakes on your taxes
If you’re like many people, the word “taxes” gets your belly in knots! Even if you’re good with numbers and stay on top of things, it can be hard to understand all the different aspects to taxes. That’s not even … Read More
26 things you need to know about the incoming tax law
It’s official. There’s a new tax code starting in 2018. Actually this is the first significant reform of the U.S. tax code since 1986 and the days of Ronald Reagan as president. That’s crazy, right? This measure is sure to … Read More
3 Tips to Avoid Refund Delays
Are you one of the lucky ones who receives a refund on your taxes? If so, follow these steps to ensure smooth processing of your 2017 tax return. Top three things you should know to avoid tax refund delays. 1. … Read More